Housing for seniors can be a cost-effective and a high-demand project for your next housing investment.
As more and more retirees look forward to begin new lives, the demand for the ideal senior-friendly luxury destination to relocate continues to expand.
There are different kinds of communities that seniors tend to gravitate to when choosing their retirement destination.
For example, Florida has since long been a magnet for retirees and for good reason too.The sunshine state offers year-round warm weather, lifestyle perks, excellent healthcare and financial advantages for the elderly.
Moreover, the state’s favorable tax structure is a bonus for retirees, with no income tax and no tax on Social Security benefits, pensions or other retirement income.
So where should real estate investors look in order to make money for a comfortable retirement? Also which are the best places to retire? Here are some locations in Florida you can consider.
Port Canaveral-best for Cruise Lovers
Apart from being the Los premier seaport of the US, Port Canaveral is also the home port for many cruises and a driving force in the economy of Central Florida for over seven decades.
As such Port Canaveral has become a desirable location for retirees due to convenient access to Caribbean cruises which makes it easy for tetirees to embark on an exciting voyage, without the hassle of long flights,
Port Canaveral also has an urban feel about it with a good number of bars, restaurants and recreational areas. Retirees can enjoy activities like fishing, boating and birdwatching round the year.
Sarasota-best for Beaches
From award-winning beaches, top-rated healthcare to a thriving arts scene has consistently ranked Sarasota as a premier retirement city.
The Siesta Key beach is rated among the best beaches in the world, while Sarasota’s legendary arts scene, the opera and tge Ringling Museum appeal to art lovers.
Known as Circus City, Sarasota is the venue for the Sarasota Music Festival, Sarasota Film festival and also the Suncoast Super Boat Grand Prix Festival.
The Villages-best for Active Adult Lifestyle
Home to several 55+ communities,The Villages is one of the largest of its kind in the US and offers its residents the ultimate retirement experience, offering both security and a range of activities within its confines.
There are over 3000 clubs to keep the members entertained and the residents can move about almost anywhere without a car by using the excellent golf-cart facility available.
While the residents need to pay additional costs and community dues depending on the neighborhood they are staying in, it is considered to be Florida’s most sought after retirement spots because of low crime rates and tight security.
Naples-best for Luxury Coastal Living
From sandy beaches, upscale dining facilities and some of the best golf courses in the world, Naples is a haven for retirees seeking a luxurious retirement lifestyle.
Naples also happens to be the gateway to the famous Everglades National Park and is also home to some of the most pristine beaches in the country.
Add to it luxury shopping venues, exclusive access to world-class golf courses and the nationally recognised quality healthcare at the NHC Baker Hospital and you have the best coastal living high class retirement destination in Florida state.
Fort Myers-affordable Living With Waterfront Views
For those looking for affordability combined with ocean views, Fort Myers is the number one choice for retirees.
Fort Myers has a much lower cost of living than Sarasota and Naples and other coastal Florida cities, which makes it a prime choice for retirees with a lower budget.
There are plenty of outdoor activities like fishing and boating for the residents, plus conducted tours to the nearby nature reserves. As far as healthcare is concerned, the local Lee Health centre provides top-notch services.
Melbourne-best for Affordable Beachfront Living
Florida’s Space Coast is much cheaper than South Florida, hence many budget-conscious 55+ retirees who like resort style beachfront living, prefer to move to this part of the state because of the views and lower prices than anywhere else.
Additionally, this is a crowd-free area where residents can gain access to parks and scenic beaches without having to jostle their way through, when seeking outdoor recreation.
Also, because of its close proximity to Orlando, residents can not only enjoy top class entertainment, but also access the best medical facilities anywhere.
Ocala-best for Laid-back Small Town Charm
Ocala is also another attraction afforded retirement option as its cost of living is much lower than in other coastal cities of Florida and those who prefer a quiet inland setting.
Known as the “ horse capital of the world”, Ocala is ideal for those who like the equestrian lifestyle and love horses. Utilities cost less and even healthcare is not expensive.
Furthermore, the hurricane risk here is much lower than coastal areas ,because of its inland location, resulting in minimal damage in case of storm.
Palm Coast-for Low-key Lifestyle
Palm coast is barely a thirty minute ride from St Augustine and is located in the “sunrise” side of Florida state.The place is perfect for low-key lifestyle retirees, and needs to be considered because of its laid-back lifestyle and affordability.
Houses cost almost 30% less than the national average and so are groceries and transportation costs. Though it is close to the tourist hub of St Augustine, the tourist foot-fall is low and best for enjoying nature and the beauty of the Pacific Coast in peace.
Palm Coast is also a biking haven and has extensive biking paths and a variety of other outdoor activities, both on and off the shore.
Miami-best for Sun, Sand and Entertainment
Home to endless cultural activities and sublime weather, Miami is an allure for retirees who never want to be left wondering as to what to do.
Located on the southern tip of Florida, the city offers convenient access to beaches, sporting events, cruises and the Florida Keys.
From the art scene at the Wynwood galleries to excellent Hispanic cuisine, Miami shows retirees how to indulge, no matter the season. The upscale malls and high-end spas makes this city a great place to live in for the upper class retirees.
